Monday, April 04, 2011

Outlook for 5th April 2011

Daily trend of the market is Up
The Market is in a good uptrend. Though it has become somewhat overbought but the readers who are holding longs in Nifty, may go on holding till the trend remains up.
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Percentage above support
Percentage of stocks above support is now above 50%, so the readers may create long positions in cash market and hold them till the percentage of stocks above support remains more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: OnMobile, STR Tech, Hind Oil, Hexaware, Century, Jindal SWHL, Rel Media, Patel Eng, Ibrealest & LIC Housing..
Weak Futures
This is the list of 10 Weak Futures: Pir Health, Nat Alum, Mphasis, Ranbaxy, Sterling Boi, Asian Paints, Tech M, Colpal, Aurobindo Ph & Gail.
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